Very small cap stock, only 80 mil, small loss and small profit, quarter to quarter. Low revenue. Consolidating operations ? Coy just sold land for 7 mil. Plenty of cash, net cash 20 sen and with this 7 million sale, extra 6 to 7 sen. Nil liability. So, is it good a punt or some potential ?
The land that was so;d to Can Cable Sdn Bhd will rake in a profit of about RM3m. Don't be surprise if the full year result shows a net profit of around RM4m due to this.
What rubbish are you talking about ? ! Do you mean limit down 30 sen until 12 sen ??? Please check facts before commenting. We need to contribute facts to help each other to make money rather than empty words.
Tafi made 60K for the year ended 31 Dec 2013 compared with net loss of 1.6 million for year ended 31 Dec 2012.
Tafi has 20 sen net cash without liability and will further improve cash by about 7sen to 8 sen with the reason sale of land.
congratulation Tafi has just made a remarkable earning from previous losses quarter. This quarter has earned 0.11 sen EPS. It is deemly a amazing good quarter result
Meet the needs of international buyers to buy Tongan 14 million construction machinery
Financial News Finance and economics 2014-06-27 11:08
(Muar 26th hearing) Tongan furniture (TAFI, 7211, the master consumer products) spend more than 14 million ringgit purchase of additional plant and advanced machinery and equipment to cope with the large number of international buyers sourcing needs. Executive Chairman Datuk Su Yongyuan today told the media that after the general meeting, has been approached to an international buyer ordering the company production of household furniture, including bedroom and living room series.
"Relevant negotiations nearing completion, is expected to sign purchase contracts in the next few months, the official supply next year in January." He said the furniture has been in Tongan Industrial Zone Sophie Le construction of a new plant and the purchase of advanced machinery.
The plan to increase production capacity will cost about 14 million ringgit, including plant and machinery increased, as well as upgrading the existing plant machinery to enhance productivity, in order to fully meet the needs of domestic and foreign buyers in terms of quality and quantity. " Tongan furniture face 1.6 million ringgit loss in 2012, so last year after some initiatives to cut costs, including reducing staff, increase productivity and adjust to market demand and choice after driving the company's 2013 performance turnaround, pre-tax profit of 22 17,000 ringgit. He said, after the company previously sold its Semenyih industry, the aim is to focus on the business of Muar, in order to improve the efficiency of operations and business management. Associates plans to build apartments
Associated companies and landowners mentioned plans to build apartments, Su Yongyuan noted that a landlord has agreed to develop a center of Johor within 4 acres lots, build apartments and townhouses, about Jin income ratio has been assigned to negotiate the final stage, but also by a construction company cooperation. He added that, once finalized, will be announced to keep shareholders informed of the details of the company's business. "The housing industry development plan is expected to bring significant turnover to help grow the company's business, which is confident of future performance."
TAFI Industries is attempting to surpass the MYR0.505 level. A close above this level would likely be a bullish sign, whereby traders may buy. If successful, the target price is set at MYR0.545, followed by MYR0.60. Failure to go above the MYR0.505 level could prompt a pullback. Support may be found at MYR0.465, whereupon traders could exit on a breach on closing.
TAFI Industries is attempting to surpass the MYR0.505 level. A close above this level would likely be a bullish sign, whereby traders may buy. If successful, the target price is set at MYR0.545, followed by MYR0.60. Failure to go above the MYR0.505 level could prompt a pullback. Support may be found at MYR0.465, whereupon traders could exit on a breach on closing.
"TAFI Industries may climb higher after it surpassed the MYR0.54 level to extend its multi-year high. Traders may buy as a bullish bias could be present now. The target price is set at MYR0.60, followed by MYR0.64. The stock may pull back and consolidate further if it falls below the MYR0.54 level. Further support is anticipated at MYR0.465, where traders could exit upon a breach. "
CEO reported that RM 14 million will be used to expand capacity. With the completion of sale of land, Tafi could make about RM 2 million from this land sale in this quarter ending September 2014. Hopefully, this is the start of the company's turnaround plan.
3rd quarter results should be out by end Nov. Last year it was out on 21 Nov 2013. Any surprises expected other than coy announcement to Bursa on 25 Sep 2014 re land sale deal ?
...this company revenue is even smaller than a non listed company. And its hanging there and not doing much business. So the rto possibility is there. Also do take note the balance sheet is healthy accept for the revenue. No hutang. Asset banyak. Apa lagi you mau...Lol...
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davidkkw79
5,068 posts
Posted by davidkkw79 > 2014-04-19 09:40 | Report Abuse
it is incredible crazy market, a making losses money company, share price still can move up without any reason